Monetary Policy decoupling in EME

We have the pleasure to introduce the new Global Monetary Policy Monitor. The report, published on a monthly basis, follows monetary policy decisions for 24 countries among emerging and developed economies. The report may be useful to follow global monetary policy trends.

Enjoy the reading,

Sincerely, Ilan Goldfajn

Global Monetary Policy Monitor: Monetary Policy decoupling in EME

In October, 20 countries (out of 24 covered) had monetary policy decisions. As in previous months, there was a decoupling among some emerging-market economies. India and Brazil hiked interest rates, given their relatively high inflation and material year-to-date FX depreciation. Meanwhile, countries with low inflation and stable currency – such as Chile, Mexico and Hungary - cut rates to smooth economic deceleration. Developed countries have kept their monetary policy on hold.